Category : Search result: downstream petroleum market


Dangote Refinery Withdraws Lawsuit Against NMDPRA

In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.

Benue Market Shut Over Rampant Car Theft

Frustrated traders at Benue Modern Market have closed shop indefinitely following repeated vehicle thefts, demanding immediate government intervention and enhanced security measures.

Naira Falls Again: Loses Ground Against US Dollar

The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.

Nigeria Stock Crisis: ₦1.3Trn Lost in Day

Nigeria's stock market plunges deeper into turmoil as investors witness massive wealth erosion, raising concerns about market stability and economic recovery prospects.

Dangote Refinery Cuts Petrol Prices, Shakes Market

In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.

Asian Markets Crash Amid Tech Bubble Fears

Asian markets experienced significant declines as growing concerns about a technology stock bubble and Federal Reserve policy shifts sparked investor panic across major exchanges.

Naira Crashes, Stocks Drop After Trump Victory

Donald Trump's presidential win triggers financial turmoil in Nigeria as Naira crashes to record lows and stock market experiences significant drops. Expert analysis reveals what this means for Nigeria's economy.

BP Profit Surges to $2.7B as Oil Prices Soar

British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.

Fuel Price Surge: ₦200 Extra Per Litre in Nigeria

Nigerians are facing another petrol price hike as filling stations across the country implement additional charges of ₦200 per litre, worsening the ongoing fuel crisis and economic hardship.

Imported Petrol Cheaper Than Dangote Refinery in Nigeria

Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.

NAPS Supports Dangote Refinery: Energy Revolution

The National Association of Polytechnic Students declares full support for Dangote Petroleum Refinery, urging Nigerians to embrace this monumental achievement in energy independence.

CSOs Praise FG's 15% Fuel Import Levy

Nigerian civil society organizations are applauding the Federal Government's strategic 15% tariff on imported refined petroleum products, hailing it as a game-changer for local refining capacity and economic growth.

Dollar Crashes vs Naira - Trump Warns Nigerian Government

The US dollar experiences dramatic crash against Nigerian naira with official and black market rates converging. Former US President Donald Trump warns Nigerian government about economic policies. Latest exchange rate updates and market analysis.

Dangote Vows No Fuel Queues During Christmas

Dangote Petroleum Refinery promises uninterrupted supply of Premium Motor Spirit and diesel during Christmas season, addressing fuel scarcity concerns across Nigeria.

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